Citi upgraded Zalando to Buy from Neutral with a price target of EUR 32, up from EUR 20.50. The analyst expects a return to positive gross merchandise volume growth in Q1 to drive a re-rating of the shares.
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Read More on ZLNDY:
- Zalando price target raised to EUR 32 from EUR 29.50 at Deutsche Bank
- Zalando upgraded to Buy from Hold at DZ Bank
- Zalando price target raised to EUR 27 from EUR 25 at JPMorgan
- Zalando price target lowered to EUR 25.20 from EUR 30.34 at Berenberg
- Zalando price target raised to EUR 28 from EUR 26 at Morgan Stanley
